REAL ESTATE

  • Lands’ End to open its first freestanding mall store

    Dodgeville, Wis. -- Lands' End in November will open its first standalone store in a shopping mall. The store will be located in the western Chicago suburbs, in the Yorktown Center Mall, Lombard, Ill.
     
    The store officially opens to the public on Nov. 15, marking the first ever full-price Lands' End store outside of Madison, Wis. The company opens the doors on the new location in its milestone 50th anniversary year.
     

  • Starbucks' new Teavana Fine Teas + Tea Bar format debuts in New York City

    Seattle – Starbucks will open its first Teavana tea bar in as the company continues to push beyond its core coffee foundation. Teavana Fine Teas + Tea Bar will open on the Upper East Side of Manhattan on Oct. 24, offering snacks and light foods, loose-leaf teas tea blends and novelty beverages, along with  and related merchandise.  

    The store is accented with light woods, comfy seating and low lighting. It has no Starbucks branding.

  • Build-A-Bear Workshop to open its first in-store shop, in FAO Schwarz

    St. Louis -- Build-A-Bear Workshop plans an in-store shop in the FAO Schwarz  Fifth Avenue flagship in Manhattan. Opening in early November, the location is the first Build-A-Bear Workshop store-within-a-store in the United States. (FAO Schwarz is owned by Toys “R” Us.)

  • Krispy Kreme to open new Georgia store

    Winston-Salem, N.C. – Krispy Kreme Doughnut Corporation will open a new store in Doraville, Ga., on Oct. 29. The newly constructed, free-standing facility is an approximately 2,300-sq.-ft. location with a drive-thru.

    "We are extremely excited to bring this newly constructed and updated shop to our loyal Doraville area doughnut and coffee fans," said Cindy Bay, senior VP of U.S. franchises and company stores for Krispy Kreme.

     

  • Two new locations for Nordstrom Rack

    Seattle -- Nordstrom announced two new locations for Nordstrom Rack, one in Columbus, Ohio, and one in Tulsa, Oak.

    Nordstrom Rack will open at Sun Center in Columbus, Ohio. The approximately 37,890-sq.-ft. store is scheduled to open in spring 2014.

    Nordstrom currently operates a full-line store in Columbus at Easton Town Center. The company opened the first Nordstrom Rack in the area at Easton Market on September 12, 2013.

  • Divaris renews Big Lots lease for 26,537 sq. ft.

    Richmond, Va. — Divaris Real Estate has announced the renewal of a 26,537-sq.-ft. Big Lots lease in the Midlothian Crossing Shopping Center in Richmond, Va.

    DRE manages and leases the center for landlord Midlothian Associates. Other tenants include Goodwill, Family Dollar and Red Wing Shoes.

     

  • Glendale Galleria adds 30-plus new and expanded stores

    Glendale, Calif. — Glendale Galleria has announced the addition of more than 30 new and expanded stores to its merchandise mix. Most of the new store openings coincide with the mall’s expansive renovation, which updates aesthetics inside and outside of the center. The renovations should finish up by early November in time for the new retailer openings and the holiday shopping season.

  • Cypress Equities acquires Minnesota retail center

    Dallas — Cypress Equities has acquired Eden Prairie Center in Eden Prairie, Minn., an upscale suburb of Minneapolis. The transaction was carried out by a fund managed by Cypress’ real estate investment management group. Eden Prairie Center is a 1.1-million-sq.-ft., two-level, enclosed shopping center. The mall features more than 100 shops and restaurants. Annual shopper visits exceed 12 million.

  • Mid-America brokers sale of Asbury Plaza in Dubuque, Iowa

    Dubuque, Iowa — Mid-America Real Estate Corp.’s Investment Sales team recently brokered the sale of a large portion of the 136,398-sq.-ft. Asbury Plaza in Dubuque, Iowa. The Cafaro organization made the acquisition for $12 million.

    The community shopping center is about two miles from Cafaro’s 700,000-sq.-ft. Kennedy Mall.

    The community shopping center features national anchor retailers including Michaels, Bed Bath & Beyond and Petco. Shadow anchors include Hy-Vee Grocery Store, Kohl’s and AMC Theater.

  • Dunkin’ Donuts in college store expansion push

    Canton, Mass. – Dunkin’ Donuts is increasing its focus on opening stores in college campuses and other non-traditional locations. The list of universities that have recently opened new Dunkin' Donuts restaurants in 2013 or plan to open new locations by January 2014 includes Westfield University (second location), Norwich University, Merrimack College, University of Rhode Island (opening two locations), University of Alabama Huntsville, Brandeis University, and Wayne State University.

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